MCKESSON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MCK
ISIN:

MCKESSON CORP. - 1H - Technical analysis published on 06/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 591.29 USD

My targets

616.79 USD (+1.50%)

627.25 USD (+3.22%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MCKESSON CORP. as long as the price remains well above 591.29 USD. The buyers' bullish objective is set at 616.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 627.25 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

MCKESSON CORP. rating 607.66 USD. On the day, this instrument lost -0.03% and was traded between 607.23 USD and 612.17 USD over the period. The price is currently at +0.07% from its lowest and -0.74% from its highest.

607.23

612.17

607.66

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MCKESSON CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	574.85	591.29	604.92	607.66
Change (%)	-5.40%	-2.69%	-0.45%	-
Change	-32.81	-16.37	-2.74	-
Level	Intermediate	Intermediate	Minor	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	600.05	602.30	605.06	607.31	610.07	612.32	615.08
Camarilla	606.43	606.89	607.35	607.81	608.27	608.73	609.19
Woodie	600.30	602.43	605.31	607.44	610.32	612.45	615.33
Fibonacci	602.30	604.22	605.40	607.31	609.23	610.41	612.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	575.29	582.15	592.61	599.47	609.93	616.79	627.25
Camarilla	598.32	599.91	601.49	603.08	604.67	606.26	607.84
Woodie	577.10	583.05	594.42	600.37	611.74	617.69	629.06
Fibonacci	582.15	588.76	592.85	599.47	606.08	610.17	616.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	482.20	499.96	534.46	552.22	586.72	604.48	638.98
Camarilla	554.60	559.39	564.18	568.97	573.76	578.55	583.34
Woodie	490.58	504.15	542.84	556.41	595.10	608.67	647.36
Fibonacci	499.96	519.92	532.25	552.22	572.18	584.51	604.48

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.52
MACD (12,26,9):	2.7400
Directional Movement:	15.25
AROON (14):	92.86
DEMA (21):	609.77
Parabolic SAR (0,02-0,02-0,2):	606.82
Elder Ray (13):	2.72
Super Trend (3,10):	602.05
Zig ZAG (10):	609.49
VORTEX (21):	1.1200
Stochastique (14,3,5):	71.17
TEMA (21):	609.31
Williams %R (14):	-37.81
Chande Momentum Oscillator (20):	2.95
Repulse (5,40,3):	-0.7600
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	1.57

MA7:	601.84
MA20:	585.39
MA50:	559.21
MA100:	540.32
MAexp7:	608.10
MAexp20:	605.90
MAexp50:	599.94
MAexp100:	591.08
Price / MA7:	+0.97%
Price / MA20:	+3.80%
Price / MA50:	+8.66%
Price / MA100:	+12.46%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.29%
Price / MAexp50:	+1.29%
Price / MAexp100:	+2.81%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on MCKESSON CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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